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BlueStream Ventures

No New Investments Warning:
Members have submitted information that the following organization(s) may not be making investments into new portfolio companies. This warning can be contested by submitting proof of a completed investment in a new portfolio company within the last four weeks here.

Firm Rating:

Rated 2.6 / 5.0 by 4

TrackRecord

2.5

OperatingCompetence

2.3

PitchingEfficiency

3.7

FavorableDeal Terms

2.7

ExecutionAssistance

1.8

Firm Homepage:

FIRM OVERVIEW: Medium Private VC founded in 2000 based out of Minneapolis, United States (US Central)

Posted by
Anonymous
on 2007-10-28

PUBLIC:

In the course of building a relationship with Bluestream I disclosed a key customer that our, not yet funded, company was about to do business with. Turns out one of the Bluestream partners had a relationship with someone at the prospect. Two months later, Bluestream had funded a competitor and we found ourselves competing for the business. It eventually worked out in our favor, but was a lesson learned vis-a-vis the character of this firm and, more broadly, the fine line one must walk in disclosing to help build the case for funding and not disclosing to protect the business.

Posted by
vc_bucks_suck
on 2007-08-09

PUBLIC:

While I haven't done a deal with these guys, I do know Steve well from his prior lives, and he is an A++ player. He is very knowledgeable in the software space, especially around information security and systems management.